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UPI marks 10 years as digital payments become part of everyday life in India

The Ministry of Finance highlighted UPI’s decade-long shift from a payment option to an everyday habit for millions of Indians. The platform is now associated with routine transactions ranging from morning chai and groceries to splitting a dinner bill and paying local vendors, often through a simple scan.

Source: AI News 24x7

Canada weighs tariffs, energy pressure and boycotts to hit back at the US

Canada is preparing a dollar-for-dollar response to the US trade war, targeting products including steel, dairy, appliances, farm equipment, electronics, pulp and paper. Prime Minister Mark Carney has other potential pressure points, from energy and critical minerals to alcohol sales and tourism, but some measures remain under consideration.

Source: AI News 24x7

Gurugram floods after hours of rain as drainage gaps strand school buses

Gurugram faced widespread waterlogging on 24 August, leaving roads, vehicles and school buses stuck for hours. Rainfall reached 75 millimetres in the Gurugram tehsil between morning and evening, while residents and commentators questioned why the city’s rapid growth has not been matched by drainage capacity and coordinated urban planning.

Source: AI News 24x7

Sonam Wangchuk plans renewed Ladakh agitation as probe into September violence remains unpublished

Sonam Wangchuk has joined a candle march in Leh and said protests over Ladakh’s constitutional demands will intensify after a symbolic start. He is seeking justice and accountability for the violence of 24 September 2025, while questions remain over the delayed report of a judicial inquiry commission formed to examine the deaths and police action.

Source: AI News 24x7

US expands Iran sanctions to five sectors, putting Indian exports at risk

The Trump administration has launched what it calls Operation Economic Isolation, adding people, companies and vessels to its sanctions list while widening the sectors exposed to secondary penalties. Indian exporters warn that shipments of rice, tea and medicines to Iran could suffer, with much of that trade moving through Dubai.

Source: AI News 24x7

Sahil Lochab says pellet injuries left him unable to see after Delhi march

Sahil Lochab, injured during the CJP Parliament march in Delhi on 20 July, says two pellet fragments remain in his eye after two surgeries and doctors have given him one month to await possible improvement. He also described repeated attempts to register an FIR before Rahul Gandhi’s intervention on 21 August.

Source: AI News 24x7

UPI marks 10 years as transaction volume rises to over 24,162 crore

The Unified Payments Interface has completed a decade of digital payments, with annual transaction volume rising from 1.78 crore in FY 2016-17 to more than 24,162 crore in FY 2025-26. The platform is now operational in 11 countries and connected to 703 banks.

Source: AI News 24x7

RBI forex swap raises record $73 billion, FCNR(B) window to close on 31 August 2026

The RBI’s special USD-INR forex swap facility has raised a record $73 billion in 11 weeks, according to the supplied report. The FCNR(B) deposit window will now close early on 31 August 2026, one month ahead of the previously indicated schedule.

Source: AI News 24x7

Government rejects ethanol link to sugar price rise, cites Red Rot and El Niño

Union minister Prahlad Joshi said India has no shortage of sugar despite retail prices reaching ₹65 a kilogram or more in some places. He attributed the increase to Red Rot disease and El Niño conditions, while the government said it was monitoring prices and considering temporary raw sugar imports ahead of the festival season.

Source: AI News 24x7

Government offers 3% stake in Hindustan Copper at ₹514 OFS floor price

The Government of India has offered to divest 3% equity in Hindustan Copper Limited through an Offer for Sale, with an option to sell an additional 3% if the issue is oversubscribed. The OFS will open at a floor price of ₹514 per share.

Source: AI News 24x7

RBI forex swap facility draws US$73 billion in inflows in eleven weeks

The Reserve Bank of India’s special USD-INR forex swap facility has mobilized US$73 billion in foreign exchange inflows by August 21, 2026. FCNR(B) deposits contributed US$65.40 billion, prompting the central bank to bring forward the facility’s closing date after the scheme surpassed its objective ahead of schedule.

Source: AI News 24x7

Urban Company secures Delhi High Court action against Kent RO over filter-life ads

Urban Company says Kent RO has agreed to remove advertisements and social media content challenged in a Delhi High Court dispute over claims about the filter and service life of Native water purifiers. The order also restricts further promotional material making similar claims that could damage Urban Company’s reputation.

Source: AI News 24x7